OVLvsTSPYETF Comparison
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Overlay Shares Large Cap Equity ETF (OVL) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. OVL is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.71% for TSPY. OVL is up 10.35% year-to-date (YTD) with +$151M in YTD flows. TSPY performs worse with 6.96% YTD performance, and +$131M in YTD flows. Run a side-by-side ETF comparison of OVL and TSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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OVL vs TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL TSPY | +0.62%+0.88% | +3.35%+3.45% | +10.35%+6.96% | +20.24%+16.87% | +74.89%n/a | +77.38%n/a |
| Flows | OVL TSPY | +$52M+$22M | +$127M+$42M | +$151M+$131M | +$149M+$252M | +$117M- | +$105M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL TSPY | +14.35%+12.68% | +14.63%+12.56% | +17.17%n/a | +18.99%n/a |
| Max drawdown | OVL TSPY | -5.22%-4.47% | -8.71%-9.44% | -21.55%n/a | -28.68%n/a |
| Max drawdown duration | OVL TSPY | 52d52d | 47d73d | 133dn/a | 745dn/a |
Trading data
OVL | TSPY | |
Last sale 7/27/2026 at 1:30 PM | $55.75 | $25.11 |
| Previous close 07/24/2026 | $55.76 | $25.07 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
OVL | TSPY | |
|---|---|---|
| Last price | $55.75 | $25.11 |
| 1D performance | -0.02% | +0.17% |
| AuM | $339.86 M | $298.71 M |
| E/R | 0.79% | 0.71% |
Characteristics
OVL | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.33%
Other
3.67%
TSPY
USA
96.59%
Other
3.41%
Sectors
OVL
Technology
45.33%
Finance
12.86%
Consumer Non-Cycl.
8.68%
Healthcare
8.58%
Industrials
7.87%
Other
16.68%
TSPY
Technology
45.45%
Finance
12.89%
Consumer Non-Cycl.
8.71%
Healthcare
8.61%
Industrials
7.89%
Other
16.45%
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Diversification
OVL
Total weight of top 15 holdings out of 15
42.59%
TSPY
Total weight of top 15 holdings out of 15
42.7%
Top 15 holdings
Data as of June 30, 2026
OVL
NVIDIA Corp.
7.43%
Apple, Inc.
6.52%
Microsoft Corp.
4.25%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.21%
Broadcom Inc.
2.74%
Alphabet, Inc.
2.56%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.45%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.24%
Intel Corp.
1.01%
TSPY
NVIDIA Corp.
7.45%
Apple, Inc.
6.54%
Microsoft Corp.
4.26%
Amazon.com, Inc.
3.59%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.57%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.25%
Intel Corp.
1.01%
Frequently asked questions about OVL and TSPY
How have the OVL and TSPY ETFs performed in 2026?
As of July 24, 2026, OVL is up 10.35% year-to-date (YTD), while TSPY has returned 6.96%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or TSPY?
Year-to-date, the OVL ETF saw +$151M in flows, compared to +$131M for TSPY.
Which ETF is more volatile: OVL or TSPY?
Over the past year, OVL had a volatility of 14.63%, while TSPY experienced 12.56%.
Which ETF is bigger: OVL or TSPY?
As of July 24, 2026, OVL holds $339.86 M in assets under management (AUM), while TSPY manages $298.71 M.
What sectors do the OVL and TSPY ETFs invest in?
OVL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the OVL ETF and TSPY ETF?
OVL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TSPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: OVL or TSPY?
OVL holds 503 securities with 42.59% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 42.7%.
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